22.10.2025 21:55
Gold prices have turned downward after reaching record highs. Following the sharp decline, the US-based giant bank Citi has updated its previous optimistic forecast regarding the gold market. The bank predicts that in the short term (0-3 months), gold will trade at around $4,000 per ounce.
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Gold prices have fallen after a historic rise in recent times.
SHARP DECLINE IN GOLD
On Monday, gold reached an all-time high of $4,391 per ounce, while today it is trading below $4,100. In the domestic market, gram gold also set a record, reaching 5,905 lira. Investors are curious about how prices will trend from these levels.
CITI'S GOLD FORECAST: CAUTIOUS OUTLOOK IN THE SHORT TERM
Following the sharp decline, the US-based major bank Citi updated its previous optimistic outlook for the gold market. The bank predicts that in the short term (0–3 months), gold will trade around the $4,000 level. Citi noted that during this period, the end of the US government shutdown and a possible announcement of an agreement between China and the US could lead to market consolidation.
EXPECTATIONS OF RISE IN COPPER AND ALUMINUM
While Citi paints a cautious picture for gold in the short term, it expects a rise in base metals like copper and aluminum in the medium term. The bank predicts that copper could reach $12,000 per ton in the next 6–12 months, while aluminum could reach $3,500 per ton by 2027.
FORECAST OF $60 FOR OIL
The bank also stated in its assessment of the energy market that it expects the average price of Brent crude oil to be around $60 per barrel in the first quarter of 2026.
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